Customs Intelligence Peshawar has announced public auction of confiscated vehicles which will be held on January 24, 2019. The Directorate of Intelligence and Investigation (Customs), part of the Federal Board of Revenue (FBR) in Peshawar, has made a significant announcement regarding the public auction of confiscated vehicles.
(more…)Category: Taxation
Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.
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Withholding tax rate on winning prize bonds
The Federal Board of Revenue (FBR) has revealed the withholding tax rate on prize bonds and winning for Tax Year 2019, as outlined in Section 156 of the Income Tax Ordinance, 2001.
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Withholding tax rates on income from property for Tax Year 2019
The Federal Board of Revenue (FBR) has recently released the rates of withholding tax to be collected on income from property for Tax Year 2019.
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Curbs on non-filers trap tax authorities
ISLAMABAD: The tax authorities are facing challenging revenue collection after imposing curbs on non-filers in the budget 2018-2019.
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Tax bars express concerns over short-term stay orders
The tax bars in Pakistan have voiced their concerns regarding short-term stay orders issued by the Appellate Tribunal Inland Revenue (ATIR).
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Exemption to judges of superior courts under Income Tax Ordinance 2001
Income Tax Ordinance, 2001 has granted various exemption to judges of superior courts on their earnings, according to official sources.
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Applicable duty, tax rates on mobile phones
Applicable rates of duty and tax on mobile phones have been unveiled for the payment at the import stage and collected by Pakistan Customs.
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FBR withdraws sales tax zero-rating on electricity supply to two textile units
KARACHI: Federal Board of Revenue (FBR) has withdrawn sales tax zero rating on supply of electricity to two textile units on misuse of tax concession facility.
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Withholding tax rates on profit on banking deposits
Withholding tax rates on profit on banking deposits have been updated for tax year 2019. In a significant development for the financial sector, the Federal Board of Revenue (FBR) has announced updated withholding tax rates on profit earned from banking deposits for the tax year 2019.
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